Boston Private Wealth has appointed Shannon Saccocia as its new CIO and Tom Anderson as its new COO.
Saccocia most recently served as the firm’s chief investment strategist, while Anderson served both as CIO and COO. In the new roles, the pair will report to the firm’s president Scott Dell’Orfano.
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Anderson joined Boston Private Wealth in 2011 and assumed the role of COO at the beginning of this year.
As COO, he will manage trust and client advisory services and business development initiatives for the firm.
Anderson also holds the role of national head of trust and fiduciary services at the firm. He formerly worked at State Street Global Advisors.
Saccocia will now direct the firm’s investment strategy, research, portfolio management, trading, asset allocation and investment risk management functions.
She previously served as the director of manager search and selection at Silver Bridge Advisors, and also worked at State Street.
“We are very pleased to have both Tom and Shannon positively impact growth of the Wealth team and continue to create value for our clients. They are both capable leaders who have worked closely together for the past several years, and I look forward to having them focus on their new roles with the same cohesion and encouragement they’ve already shown,” Dell’Orfano stated.
